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Without commenting on the success rate of bitcoin itself, the money being put in bitcoin is still an order of magnitude smaller than the bubbles mentioned in GP
by NhanH 12y ago
Without commenting on the success rate of bitcoin itself, the money being put in bitcoin is still an order of magnitude smaller than the bubbles mentioned in GP. The USP guy, more likely than not still doesn't know about bitcoin.
- bushido 12y ago> an order of magnitude smaller than the bubbles mentioned The thing about money and markets is it all relative(%). Whenever talking on these topics people revert to absolute($) comparisons, this is where most analysis breaks. I am not arguing or commenting on bitcoin success, just that your mention of "order of magnitude" sounds like an absolute value.
- NhanH 12y agoI agree with your remark about the relative and absolute comparisons. However, in this case, the discussion were about the "popularity", or the "reach" of bitcoin. The underlying assumption (by me) is that absolute value would strongly correlate with the number of people knowing about bitcoin, hence the absolute number remark.